Daymark Wealth Partners LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Daymark Wealth Partners LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,226 shares of the industrial products company’s stock after selling 580 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Emerson Electric were worth $6,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Visionary Wealth Advisors increased its holdings in shares of Emerson Electric by 1.0% during the fourth quarter. Visionary Wealth Advisors now owns 38,833 shares of the industrial products company’s stock valued at $3,780,000 after acquiring an additional 398 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. MGO One Seven LLC now owns 25,394 shares of the industrial products company’s stock worth $2,472,000 after buying an additional 148 shares during the last quarter. Ethic Inc. grew its holdings in shares of Emerson Electric by 8.2% during the fourth quarter. Ethic Inc. now owns 57,722 shares of the industrial products company’s stock valued at $5,618,000 after buying an additional 4,371 shares during the last quarter. True Wealth Design LLC increased its position in shares of Emerson Electric by 17.5% in the 4th quarter. True Wealth Design LLC now owns 1,005 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 150 shares during the period. Finally, Point72 Europe London LLP purchased a new position in Emerson Electric in the 4th quarter worth $904,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $124.59.

Emerson Electric Trading Up 1.1 %

Shares of EMR traded up $1.15 during trading on Wednesday, reaching $110.57. 296,417 shares of the company traded hands, compared to its average volume of 2,726,958. The stock has a 50-day simple moving average of $105.14 and a 200-day simple moving average of $109.27. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market cap of $63.26 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.